Cancellation of Option. If Optionee ceases to be a Director of the Company during calendar year 2002 then the Option shall be cancelled with respect to a number of Shares equal to (A) multiplied by (B) below where:
Appears in 8 contracts
Samples: Nonqualified Stock Option Agreement (New Horizons Worldwide Inc), Nonqualified Stock Option Agreement (New Horizons Worldwide Inc), Nonqualified Stock Option Agreement (New Horizons Worldwide Inc)
Cancellation of Option. If Optionee ceases to be a Director of the Company before or during the calendar year 2002 2001 then the Option shall be cancelled with respect to a number of Shares equal to (A) multiplied by (B) below where:
Appears in 5 contracts
Samples: Nonqualified Stock Option Agreement (New Horizons Worldwide Inc), Nonqualified Stock Option Agreement (New Horizons Worldwide Inc), Nonqualified Stock Option Agreement (New Horizons Worldwide Inc)
